Gulf a potential market for Indian textiles

04 Feb '08

2 min read

The Indian Business and Professional Council (IBPC) had organized a gathering on February 2 in Dubai, where Union Textiles Minister Shanker Sinh Vaghela was the guest of honour. While addressing at the meeting he said that the Gulf region can emerge as an important destination for country's products.

The Indian Government is taking a series of initiatives to boost its textile exports. As a result shipments from India are growing and this trend seems to continue in future also. Vaghela, heading a delegation of textile ministry and industry, is on a four-nation tour to Turkey, Greece, Egypt, and the UAE to promote Indian textiles abroad.

The Minister asked the Indian business community in Gulf region to take advantage of liberal and business-friendly economic policies of the Government. Even though exports have been impacted, because of the appreciation of the Indian currency.

Speaking on the occasion, Quaiser Shamim, Joint Secretary of the Textiles Ministry, Dubai, said there is a lot of scope for the export of Indian textile and related goods in the Gulf countries. India has been exporting its two-third textile products to the US and European countries.

IBPC, Dubai was formed in the year 2003 after the unification of the three Indian business organizations in Dubai namely the Indian Business Council (IBC), Overseas Indians Economic Forum (OIEF) and Business & Professional Club (BPC). It is the only recognized representative organization of Indian Business and Professionals in Dubai.

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